A shocking case of GST fraud has surfaced in Greater Noida, where an accountant at a home decor export firm allegedly siphoned off Rs 1.80 crore by uploading fake invoices worth Rs 10 crore on the GST portal, police said on Monday.
The accused, identified as Abhinav Tyagi, had been employed as the company's accountant for over four years and was entrusted with complete access to its GST credentials and financial records. The company, run by a 32-year-old woman entrepreneur residing in Sector 128, operates out of the Kasna industrial area and is involved in exporting home decor products.
Fraud Detected During Financial Audit
The financial irregularities came to light in July 2025 during an internal audit conducted by the company's chartered accountant. The audit revealed that invoices from seven different companies had been uploaded between December 2024 and March 2025, amounting to Rs 10 crore, all of which were found to be fake.
"Using the firm's GST portal credentials, Tyagi uploaded these fabricated invoices and manipulated records to divert the funds," said a police official familiar with the investigation.
Rs 1.80 Crore Payable to GST Department
After the victim reset the company's GST portal credentials, it was discovered that the company owed Rs 1.80 crore to the GST department. Upon confronting Tyagi about the discrepancies, he allegedly issued threats and then blocked all forms of contact with the employer.
A formal complaint was filed, and an FIR was registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS) for cheating, impersonation, forgery, intentional insult, and criminal intimidation, along with provisions of the Information Technology Act.
Hunt On for the Accused
"Efforts are underway to trace and arrest the accused," said Ranjeet Singh, Station House Officer of the Cybercrime Branch. Investigators believe Tyagi may have used third-party accounts to route the embezzled funds and are examining digital evidence.
This incident adds to growing concerns over internal financial frauds involving misuse of GST credentials and highlights the need for stronger access controls and real-time monitoring within private firms.
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